A Property Tax Reckoning is Coming

HousingWire, Apr. 25, 2022–Georgia Kromrei (subscription)
For those hoping to buy a home with a mortgage, property tax increases can reduce their debt-to-income ratio, and thus the amount they qualify for. But underwriters only factor in current property tax rates, not future increases. So existing homeowners can be caught off guard when there is a gap between what is held in escrow and tax bills that come due.